Inc Bulls Bears On Array
Info
The Inc Bulls Bears On Array is a Library for MetaTrader 5 that cbullsbearsonarray class is designed for calculation of and values on indicator buffers. Usage: Init()method with the following parameters is called in the function:int aPeriod- indicator period;ENUM_MA_METHOD aMethod- smoothing method.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Inc Bulls Bears On Array
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
CBullsBearsOnArray class is designed for calculation of and values on indicator buffers.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: MT5 to Telegram - Professional Trading Notifications Library - another powerful library for MetaTrader 5 traders.
Also recommended: quick sort - sorting algorithm - similar library with strong performance on MetaTrader 5.
CBullsBearsOnArray class is designed for calculation of and values on indicator buffers.Usage:
Init()
method with the following parameters is called in the function:
int aPeriod
- indicator period;
ENUM_MA_METHOD aMethod
- smoothing method.
Solve()
method with the following parameters is called in the function:
const int aRatesTotal
is a rates_total variable from the OnCalculate() function parameters;
const int aPrevCalc
- prev_calculated variable from the OnCalculate() function;
double aDataHigh[]
- the buffer with the High data for the indicator calculation;
double aDataLow[]
- the buffer with the Low data for the indicator calculation;
double aDataClose[]
- the buffer with the Close data for the indicator calculation;
double & aMA[]
- intermediate buffer for MA calculation;
double & aBulls[]
- Bulls Power calculated value;
double & aBears[]
- Bears Power calculated value.
Additional methods:
int BarsRequired()
- returns the minimum number of bars for the indicator calculation;
string BuName()
- returns the line with Bulls Power indicator name;
string BeName()
- returns the line with Bears Power indicator name;
Test_BullsBearsOnArray.mq5 is a sample indicator showing CBullsBearsOnArray class application. IncBullsBearsOnArray file must be placed to MQL5\Include\IncOnArray of the terminal data folder (IncOnArray folder must be created). CMAOnArray class from the IncMAOnArray file is needed for the proper work. It can be found .
It is very important to be able to estimate the Bulls and Bears Power balance since changes in this balance initially signalize about possible trend reversal. This task can be solved using the and oscillators developed by Alexander Elder and described in his book titled .
You may also like: Alphabet structure - excellent alternative for library users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.